Didi Chuxing invests in on-demand bike startup

September 28, 2016

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Automotive | Beijing, China

Chinese ridesharing giant Didi Chuxing has invested "tens of millions of dollars" in bicycle-sharing platform ofo, according to reports. Founded two years ago at Peking University in Beijing, ofo operates a network of about 70,000 bikes and handles half a million rides each day across 20 cities in China.